Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ethiopia - 2022
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ethiopia (CIF) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ethiopia (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ethiopia
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ethiopia
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ethiopia (CIF) - 2022
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $2,913 per ton in 2022, which is down by -22.4% against the previous year. In general, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 101%. The import price peaked at $13,668 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,914 per ton), while the price for India stood at $2,500 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-5.9%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ethiopia (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $3,116 per ton in 2022, shrinking by -31.8% against the previous year. Overall, the export price showed a noticeable reduction. The pace of growth appeared the most rapid in 2014 an increase of 18%. The export price peaked at $5,827 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($3,378 per ton) and Canada ($3,285 per ton), while the average price for exports to Israel ($2,683 per ton) and the UK ($2,970 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ethiopia
In 2022, approx. 76 tons of spices; fruits of the genus capsicum or pimenta, crushed or ground were imported into Ethiopia; increasing by 264% compared with the previous year's figure. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground surged to $220K in 2022. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.0 | 12.6 | 50.5 | 220 | 253.0% |
| Indonesia | 91.5 | 103 | 16.8 | N/A | -57.2% |
| Turkey | 6.0 | 21.3 | 4.9 | N/A | -9.6% |
| Others | 5.2 | 1.4 | 5.7 | 0.5 | -54.2% |
| Total | 108 | 138 | 77.9 | 220 | 26.8% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Ethiopia in 2022:
- China (75.4 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ethiopia
In 2022, approx. 14 tons of spices; fruits of the genus capsicum or pimenta, crushed or ground were exported from Ethiopia; declining by -87.8% compared with the previous year's figure. Over the period under review, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 158% against the previous year. As a result, the exports attained the peak of 112 tons, and then shrank notably in the following year.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground shrank rapidly to $42K in 2022. In general, exports showed a precipitous shrinkage. The growth pace was the most rapid in 2021 when exports increased by 107%. As a result, the exports reached the peak of $510K, and then contracted dramatically in the following year.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 5.9 | 13.3 | 21.9 | 15.2 | 37.1% |
| United States | 2.5 | 2.6 | 7.2 | 13.5 | 75.4% |
| Canada | 25.3 | 32.1 | 30.3 | 7.8 | -32.4% |
| Israel | 8.4 | 25.8 | 96.7 | 5.4 | -13.7% |
| Germany | 55.9 | 79.0 | 53.1 | 0.2 | -84.7% |
| Switzerland | 79.0 | 13.7 | 14.2 | N/A | -57.6% |
| Netherlands | 32.2 | 7.5 | 147 | N/A | 113.7% |
| Australia | 8.6 | 14.4 | 33.9 | N/A | 98.5% |
| Saudi Arabia | 21.4 | 34.4 | 80.2 | N/A | 93.6% |
| Others | 13.6 | 23.4 | 25.0 | N/A | 35.6% |
| Total | 253 | 246 | 510 | 42.2 | -45.0% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Ethiopia in 2022:
- United Kingdom (5.1 tons)
- United States (4.0 tons)
- Canada (2.4 tons)
- Israel (2.0 tons)
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